OLED replacing LCD has become a mainstream trend, and flexible OLED panel shipments will continue to grow

Analysis of the global flexible OLED industry market status and development prospects in 2020 Panel shipments will continue to grow. Flexible electronics has been rated as one of the top ten scientific and technological achievements in the world, and has been gradually promoted in the application of electronic products in recent years. According to statistics from ubiresearch, in 2019, the output of flexible OLED display screens increased to 149 million. In terms of manufacturers, South Korea’s Samsung is a global leader in flexible OLED displays, while BOE is the largest flexible OLED manufacturer in China. At present, OLED has become a mainstream trend to replace LCD, and it is developing in the direction of curved surface → foldable → rollable. According to ubiresearch, the output of flexible OLED display screens will reach 353 million by 2023.

1. Flexible display is the mainstream trend

OLED, or organic light-emitting diode, is the third-generation display technology after CRT. It has the characteristics of thin material, rich colors, low energy consumption, and flat light emission. According to the appearance classification, OLED can be divided into rigid screen and flexible screen, and flexible display is flexible OLED. At the same time, in the field of flexible electronic displays, the current mainstream is flexible OLED, and flexible liquid crystal display (LCD) is also developing simultaneously. In general, flexible displays have become the mainstream trend of the OLED industry.

2. “BOE” is the largest domestic flexible OLED manufacturer

Flexible electronics has been rated as one of the top ten scientific and technological achievements in the world, and has been gradually promoted in the application of electronic products in recent years. According to statistics from ubiresearch, in 2018, the global output of flexible OLED display screens was approximately 137 million; in 2019, the output increased to 149 million.

In the global flexible OLED field, South Korea’s Samsung is a global leader in flexible OLED displays, occupying a leading position in the market, and can provide a full set of vertically integrated supply chains; BOE is the largest manufacturer of China’s flexible OLED industry, breaking the flexible OLED in 2017 With an international monopoly, it has the world’s second mass-produced sixth-generation flexible AMOLED production line. In 2019, Samsung’s global flexible OLED market share was 78%, and BOE’s market share increased to 8%.

3. Shipments of flexible OLED panels will continue to grow

As far as the display solutions of electronic products are concerned, OLED has become the mainstream trend to replace LCD, and is developing in the direction of curved → foldable → rollable. The penetration rate of flexible OLEDs in electronic product displays is continuously increasing, and the application range is from mobile phones to TV and other products expand. According to ubiresearch, global shipments of flexible OLED panels are expected to reach 215 million in 2020, and will grow to 257 million in 2021, 320 million in 2022, and 353 million in 2023.

At the same time, according to IHS forecast data, by 2022, the global share of domestic manufacturers in the global flexible OLED production capacity structure will further increase, of which BOE’s capacity share will reach 22%.